Wait | 18 Oktober 2023

18 Oktober 2023, EUR/USD

Wait

Technical observation

On the chart above, the price is trading with an increasing bullish bias between a supportive level 0.9545 and a resistance zone 1.1512-1.1453, this upwards movement is a correction to the zone I have mentioned above and I expect a possible rejection within it followed by a rejection within it or a clear break above it with a big green candle. My advice, remain neutral and wait for a retracement to the zone indicated above then sell a bounce within it with your take profit at 0.9545 and stop-loss at 1.1885. If the price declines below the level 0.9545, continue short after a pullback and a bounce at the broken line.

Trade recommendation

Remain flat.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus